The bill amends Section 42-63.1-3 of the General Laws concerning the distribution of hotel tax proceeds. It specifies that for tax payments received on or after July 1, 2025, five percent (5%) of the taxes generated in the Aquidneck Island tourism district will be allocated to the Rhode Island commerce corporation for tourism development, public art, and events throughout participating regions. Additionally, the bill removes the requirement that five percent (5%) of the hotel tax generated from the South County tourism district be paid to the Greater Providence-Warwick Convention and Visitors Bureau.

The bill also revises the distribution percentages for hotel tax proceeds across various districts, increasing the percentage allocated to the Rhode Island commerce corporation from twenty-eight percent (28%) to thirty-three percent (33%) for certain allocations, and from seventy percent (70%) to seventy-five percent (75%) for others. The act is set to take effect upon passage.

Statutes affected:
6001: 42-63.1-3